Even in bad economy whoever is determined to Keep Bitcoin would do it. The economy is not going to get any better. Being prepared is the best decision any holder can take. The motivation for every holder no matter the economy situation is that I'm the next couple of months we'd have the Bitcoin halving and the people who will benefit are the people who held. And the possibility of making a fortune out of it is high.

budgeting and financial planning always work but it honestly also depends on the income, if our income are too small then everything would be over expenses, the first most essential thing is to improve the income first though financial planning and budgeting also should come together with that honestly and then we can start building up the funds that we have, growing wealth and many more.
but we must also remember the very reason why we want financial independence that is to spent for something that we want (well not necessarily overly luxurious items like sports car) and still have so much money left we could be living our dream life, this couldn't be realized by just saving, as my first point still stands, increasing income takes priority.

I am a big risk taker and I was able to take different risks when investing because it's my money if I lose the money it's not the end of my life, I will start over again, but a loan will make things harder because you need to pay up, no one cares what or how you lose the money, you will only be free after you settle your debt.

Every investment has its risks, and that's why a loan is not a good idea, Even if it's stock or gold or Bitcoin there is a possibility of you losing money, the loan is for those who have a lot of money and also collaterals. Think twice before taking a loan.

If you are onto gambling for the first time it's not possible to get addicted to gambling because you haven't tasted what winning feels like, you will be consumed by doubts and uncertainty.

But wait till you have a taste, win some money, that's where you start feeling like there is more if you keep digging, is this not where gambling addiction starts?

We have had a lot of conversations about gambling addiction, but I had the same conversation with someone close yesterday and this was my answer to him.

Do you think its possible to become addicted to gambling when you haven't win a dime or after you win?

I think addiction starts after you win, even if it's just once, that's when you start gambling recklessly and you also start betting higher.

I will go out and support the poor five times more than I will think about supporting the rich first. This life is about uplifting others who are desperately in need, which I believe the wealthy have no trouble doing because they've already developed a network that can always intercede for them should things start to collapse.

The underprivileged always need someone to lift them up and help them realise their full potential. It is not always necessary to give people money, but rather to place them in an environment where they can be productive. Instead of providing them fish to eat, teach them how to catch fish so they can be self-dependent the next time.

Of course, if we have a winning target, we can rush to get a win, and that can affect our game. And the pressure will be even greater when we have experienced loss several times, and make us want to win immediately. If we could think of gambling as fun and entertainment, we would not rush into gambling and enjoy every moment. We will also limit the amount of money we use in gambling because we know that winning some money from gambling will never be easy. Instead of having trouble winning the game, we should enjoy the time of gambling, and in that way, we can relax and play enough until we can finally stop gambling on time.

A business needs capital. How would you be able to got back with the amount you have invested in it within a single day? Before profit comes, you need to first get your initial investment, and that won't happen in a single blink of an eye.There's no such thing unless you are just a sidewalk vendor and happened that many people sold your products out which could cover the amount you have used to actualize that particular business such as equipments for you to have quite of a good start.If you gamble then that's possible.But also, that is a different context with their proper procedure. Never chase for a shortcut 'coz it would bring you nowhere.

Whoever ever panics about the price of Bitcoin, in my opinion, doesn't understand anything about the crypto market, and he doesn't need to invest in it to keep his emotions in check. If you lack the necessary mental capacity, stay far away from investing in crypto. That's the piece of advice I gave to the newbies. Accumulating bitcoin at this declining price is the best idea for someone who believes in bitcoin and has the patience to do that.

Whatever the current state of the crypto market may be, one thing is for certain. The downturn won't last forever. Focusing on the short term but not the long term can only cause panic.

In my personal opinion, avoiding taxes is not an illegal act and most people consider this method legal in the eyes of the law. Because in essence we are taking advantage of the loopholes in the rules that exist in the law, but if we practice this method it will have an impact on the income of a country, of course. Although on the other hand, we as tax payers face difficulties in terms of size.

This happens in almost all countries, the large amount of tax deductions greatly affects the income of individuals and business groups, such as companies. But whatever it is, as long as it doesn't violate I think it's legal to use.

Putting a business and making profit from it will take time. You need to undergo a trial and error first to apply specific strategies to make your business grow. There's no shortcut to successful business as you still need to consider lots of things to ensure that your business will work in an specific location, target consumers and people's demand.
If you want to have an assurance of making profit from your business, you need to polish everything first but that doesn't mean that you will not experience hardships and challenges. There's no instant success in building a business as competitions are everywhere but if you put hardwork and dedication, things will surely work.

It will never be easy to win gambling, even every day. We will never know how luck will come to us and help us to win even a small victory. So if we have a target of winning, it will be difficult no matter what target of victory we want to achieve because gambling is not a place to make money. And it is true that we should be able to treat gambling as a place of entertainment where we use the money to entertain ourselves, and if we are lucky, we can get the money. But if we are unlucky, we can lose our money in gambling, and when it's lost, well, it's already gone because we'll find it difficult to recover it. Even in sports betting, we can experience defeat because often matches that take place will change in the middle of half-time, making our bets fail to win. So it's better to have fun than to enjoy your time gambling.

Isn't it stressful when we spend more than expected, right? especially if we follow a budget, having a smart spending habit is a good way to avoid such situations or events.

1. Make a realistic budget
           In budgeting it is important that we consider everything. It should be realistic and achievable, It cannot be said that the budget is only 20$ for a week for food if you are 8 people who will eat at home. Plan what to eat every day and budget for it. Write down all the ingredients or how much to buy and how much it will cost in pmashae or gasoline if there is a car. Do everything with consideration and do it consistently.
Stop yourself from buying things you don't need, like buying coffee at starbucks when you can just buy 3 in 1 sachet coffee that just tastes like coffee. Because if we cannot prevent such expenses, include them in the budget.

2. Find out what triggers the cost
            It's important that we know this if it's stress, boredom, pressure from friends, need to follow the trend and so on. It is important that we have discipline in these things if you want to avoid overspending. For example, if you're bored, you hang out online shopping at Lazada, Amazon, and others, this habit should be replaced with something more productive, such as cleaning the house and others where you can avoid it and do something good.

3. Break down luxury expenses
             Try to list the things you have spent and separate the luxury and the things you have spent. It is important that you know what is really needed and the word I deserve it.

4. Make the 24 hour rule
             This rule helped me when I was building in this way. Because when I want to buy something, I put it off for 24 hours, and during this time I learn how to assess these things. Usually the excitement we experience disappears immediately after a few hours. You imagine the sacrifices you will make when you accomplish them. Like the small savings you have or sometimes we will even borrow the money we will use here. At least in this way we can avoid impulsive buying or bursts of emotion.

5. Set a budget
            Allocate a limit on expenses, know all areas of expenses from food, rent, electricity, water, shopping and other things related to spending. Once you set all of your spending limits, make sure to follow them and do it because everything will be ignored if you don't do it.

I hope this somehow helped us and the community here on the forum.

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Other source:
https://www.incharge.org/financial-literacy/budgeting-saving/how-to-cut-your-expenses/
https://www.mymoneycoach.ca/blog/how-to-stop-spending-money-7-tips.html

Savings is one of the most important thing when it comes to trying to be financially stable, but saving alone is not enough. Not spending Wisely on things that are not necessarily important and spending uncontrollable can make all the time  use in saving money to be effortless. To become rich  or financially stable lot of work to be discipline must be done, spending money on getting too much flashy things can be a limitation of becoming financially stable.

Monetary problems, of course not everyone knows, those who have received economics lessons at school or college will understand monetary, the monetary crisis that has occurred in my country and even occurred throughout the world is a complicated problem that is not easy to solve, we as people who actively working, of course, you must always be vigilant with monetary matters, and of course, continue to look for sources of income so you can survive.

Yup. Bitcoin offers potential big profits but it is also a high risk investment. We can't rely our future to a single high risk investment, we need other investments. I personally will also never put all my investment on Bitcoin only. I will diversify my investments on Lands, Gold, or other investment with lower risks. We must be wise to plan our retirement assets, don't put all of them on a high risk investment. We must think that sometimes we need urgent fresh money, so we must have assets that prices can be quite stable.

Most of us are the same; school doesn't teach us how to hustle and earn money; they just teach us what is written in the book and prepare us to find a job. There is no business or other financial stuff that was taught to us; we need to discover it on our own. We know that we can learn it from the internet, but it is still good if we can also learn or tackle the basics of it in school because that is really one of our goals in life.

I work from home and absolutely love it.  Here's the thing, if I do my job well, it doesn't matter if I take a nap during the middle of the day (and I absolutely do sometimes), or if I stop working around 12-1pm on Fridays (which I typically do), as long as I'm getting my job done and it a good manner, my boss doesn't care.  It's nice to work for a job that's like this, as I know some jobs mean there's always work to do when you're clocked in..so I could of course see people that work from home being less productive in a position like this. 

I also work on the weekends sometimes, as well late in to the afternoon..so there are some trade-offs.

If you speak like you, you might even stop eating to invest in bitcoin. Spending on alcohol, beer, cigarettes, coffee… all are daily necessities and that's the way to enjoy life. As long as you don't spend too much on them and have a specific plan, I don't see anything wasted. Like me, every morning needs a cup of black coffee to stay awake all day at work, or snacks to recharge for a long day. Or will enjoy a few beers with friends at the weekend after stressful working days. What's wrong with that? We only live once, why should we torture ourselves?

Everyone has their own reasons for gambling and not everyone can think of gambling as just entertainment. Most of those who come to gambling places expect to get big profits quickly with minimal capital.
Yes, before we enter the world of gambling we should be aware of the risks and the most important thing is to set limits, but i think maybe not many people can do that because it will not be easy when we are already gambling, unconsciously we will enjoy it and feel we have to spend a little more time to be able to win. We will only realize when our money has run out.